Hasbro Inc. (NYSE: HAS) Gains

Hasbro Inc. (NYSE: HAS), worldwide leader in children and family leisure time, traded well behind other companies in the consumer sector during the morning session yesterday. This company has had its third quarter net income rise to $150.4 million representing an 8.8% increase from $138.2 million in the previous year quarter.

The company has seen revenues decrease to $1.28 billion from $1.20 billion a year ago. Shares plunged $1.10 or 3.73% to $28.42 even though it showed an upward earnings surge.

President and Chief Executive Brian Goldner said that growth for the year can be sustained if consumer trends continue "to improve in line with recent fourth quarter trends."